London, United Kingdom, September 30th, 2024, Chainwire
Script Network, a pioneering L1 blockchain-based video protocol, is set to launch a public node sale on October 23, 2024, to further expand its decentralised video infrastructure. The sale comes after Script Network has supported over 110 million minutes of streaming content, offering a unique, scalable solution to the global video industry.
The network, built on a proprietary Layer 1 blockchain specifically designed for video streaming and content delivery, aims to disrupt traditional centralized platforms by leveraging blockchain technology. Script Network’s nodes form the backbone of its decentralised infrastructure, enabling efficient, low-cost, and high-quality content distribution across its ecosystem.
Transforming Video Streaming with Decentralization
Script Network’s node sale will allow participants to operate a Script Node, which plays a crucial role in the network’s functionality. Node operators will be responsible for validating transactions, storing data, and ensuring the seamless delivery of video streams. In return, participants will earn rewards in the form of Script tokens (SCPT), incentivising participation and maintaining the network’s security and performance.
Unlike traditional Content Delivery Networks (CDNs), which rely on centralized servers and face challenges such as high costs and limited scalability, Script Network’s decentralised approach offers a more resilient and efficient alternative. The platform's native blockchain protocol is optimized for video encoding, storage, and distribution, ensuring a smooth viewing experience even during high-traffic periods.
Expanding a Robust Ecosystem for Content Owners and Viewers
Script Network has already established itself as a formidable player in the Web3 space by integrating with various dApps and platforms, providing a seamless video streaming experience directly on the blockchain. The network’s expansion through the upcoming node sale will enable greater decentralization, enhancing its ability to support a growing number of users and applications. A core upcoming product to demonstrate Script Networks focus on improving the experience for viewers is with Script TV watch to earn protocol - an original dynamic NFT gamified viewing experience where users can collect upgradeable assets, and earn rewards on and off chain just through watching live TV. Script TV already boasts more than 500,000 active users with over 2 million minutes watched weekly across the service.
“Streaming and the premium content market as a whole is ripe for disruption, and although we are only just getting started, Script TV is already the leading entertainment dApp in web3 based on usage. We believe that once we ship the watch to earn protocol, the usage should increase 20-25x where we are now” - Akeem Ojuko, Co Founder explained.
With the introduction of Script Nodes, the network aims to empower content owners, streamers, and developers by offering them new monetisation models and tools. These include the ability to tokenise video content, implement micro transactions, and engage with audiences through smart contracts, transforming how digital content is produced, shared, and consumed. This gives content owners or company making use of video at scale, to save up to 80% on costs, whilst finding new distribution avenues.
Aiming for the Future of Web3 Video Infrastructure - Script Network Node Sale Features
- A total of 17,500 nodes to go for sale to the public
- Up to 25% of the $SPAY supply reserved for node rewards exclusively
- Off chain rewards to Gold node runners (the best performing node runners)
- Node Sale will be in 2 phases
- Ability to begin earning rewards once node is purchased within the same period
- Script Network has partnered with managed Node service providers to enable retail users to run a node without any stress
With its cutting-edge technology and ambitious plans, Script Network is positioning itself as a leader in the decentralized video space. The node sale, which will commence on October 23, 2024, is expected to attract a wide range of participants, from individual node operators to institutional investors, all looking to be part of the next evolution in digital content distribution.
For more details on the node sale and how to participate, users can visit https://node.script.tv
About Script Network
The Script Network is a L1 video blockchain protocol focused on decentralized applications to fuel the next generation of film and entertainment. Script Networks products include Script TV, GameFi NFTs, and multiple other dApps currently being built on-chain by other projects.
Script TV, (one of the core services of the Script Network protocol), is the free-to-air live television platform with a protocol that yields rewards based on watch time across over 300,000,000 devices worldwide. It features countless channels and offers diverse movies, sports, documentaries, and news content, all of which earn rewards whilst watching content. Script Networks watch to earn elements that allow users to develop and grow and enhance their NFTs through GameFi mechanisms.
Website | Script TV dApp | Node Sale Information Page | Socials
Contact
Community Relations
Amreen Khan
Script Network
marketing@script.tv
Disclaimer: Press release sponsored by our commercial partners.